The law of company, insurance coverage law, payments of exchange, insolvency and bankruptcy law and sales law are all important, and hint again to the medieval Lex Mercatoria. The UK Sale of Goods Act 1979 and the US Uniform Commercial Code are examples of codified frequent law business ideas. Lord King LC was worried that trustees would possibly exploit opportunities to use trust property for themselves as an alternative of looking after it. Business speculators using trusts had only in the near past caused a stock market crash. Strict duties for trustees made their method into company law and have been applied to administrators and chief executive officers.
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